NPK International Inc. $NPKI Shares Sold by Tieton Capital Management LLC

Tieton Capital Management LLC trimmed its position in NPK International Inc. (NYSE:NPKI) by 21.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 800,562 shares of the company’s stock after selling 212,420 shares during the period. NPK International makes up about 3.3% of Tieton Capital Management LLC’s portfolio, making the stock its 15th largest holding. Tieton Capital Management LLC owned 0.95% of NPK International worth $9,543,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NPKI. Envestnet Asset Management Inc. acquired a new stake in NPK International in the second quarter worth approximately $141,000. Creative Planning acquired a new stake in NPK International in the second quarter worth approximately $270,000. Cetera Investment Advisers acquired a new stake in NPK International in the second quarter worth approximately $191,000. JPMorgan Chase & Co. acquired a new stake in NPK International in the second quarter worth approximately $633,000. Finally, Legal & General Group Plc acquired a new stake in NPK International in the second quarter worth approximately $710,000. 80.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Michael A. Lewis sold 2,013 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $15.30, for a total value of $30,798.90. Following the completion of the sale, the director owned 129,320 shares in the company, valued at $1,978,596. This represents a 1.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Gregg Piontek sold 15,000 shares of the company’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $15.04, for a total transaction of $225,600.00. Following the completion of the transaction, the chief financial officer directly owned 819,326 shares in the company, valued at $12,322,663.04. This trade represents a 1.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 161,603 shares of company stock valued at $2,305,670 in the last 90 days. Corporate insiders own 4.20% of the company’s stock.

NPK International Price Performance

NPKI opened at $14.29 on Tuesday. The stock has a fifty day moving average of $14.98 and a 200-day moving average of $13.82. The firm has a market capitalization of $1.21 billion, a P/E ratio of 31.07 and a beta of 1.24. NPK International Inc. has a 12-month low of $7.95 and a 12-month high of $16.50. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 0.02.

NPK International (NYSE:NPKI) last released its earnings results on Thursday, April 30th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $75.07 million during the quarter. NPK International had a return on equity of 10.56% and a net margin of 13.71%. Equities analysts forecast that NPK International Inc. will post 0.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NPKI. Weiss Ratings downgraded NPK International from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. B. Riley Financial reiterated a “buy” rating on shares of NPK International in a research report on Monday, May 4th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, NPK International currently has an average rating of “Moderate Buy” and an average price target of $14.17.

NPK International Profile

NPK International, Inc (NYSE: NPKI) is a specialty chemical distributor supplying a broad range of industrial and performance materials across diverse end-markets. Its product portfolio includes acetic acid and derivatives, alcohols, ketones, esters, glycol ethers, glycols, specialty solvents, select inorganic chemicals and crop-protection intermediates. These materials serve industries such as coatings, adhesives and sealants, oil and gas, personal care, pharmaceuticals, agrochemicals and water treatment.

The company places a strong emphasis on supply-chain security and technical service, maintaining warehousing, logistics support and laboratory capabilities at its regional distribution centers.